'India FY10 growth to be around 7%'

Arvind Virmani, chief economic adviser at the Finance Ministry on Tuesday said that the Indian economy can expand 7 percent in 2009/10, and the central bank must weigh the trade-off between growth and inflation when it reviews policy settings later this month. The forecast for the fiscal year ending March is higher than 6 percent estimated by the central bank and private analysts, and the 6.3 percent predicted by government's Planning Commission.